In 2 weeks, on August 9, ADI is expected to release earnings.
In the past few days, the market has been hit hard. A lot of stocks took a big dive. But if you look at ADI on Thursday and Friday, it had support at around $35.60. It didn't dip much further.
So when the market has an OK day or a nice rally, I expect ADI to move up from the mid $35 range.
With 2 more weeks until earnings is released, I expect ADI to be moving upward. With good earnings on August 9, ADI could be at around $39 - $40.
Back in May and also in June, ADI had support at the mid $35 range also.
Keep an eye on ADI on August 9.
In the past few days, the market has been hit hard. A lot of stocks took a big dive. But if you look at ADI on Thursday and Friday, it had support at around $35.60. It didn't dip much further.
So when the market has an OK day or a nice rally, I expect ADI to move up from the mid $35 range.
With 2 more weeks until earnings is released, I expect ADI to be moving upward. With good earnings on August 9, ADI could be at around $39 - $40.
Back in May and also in June, ADI had support at the mid $35 range also.
Keep an eye on ADI on August 9.
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